Dartmoor Lodge Hotel on market for £1.7m

The refurbished business generated net sales of circa £1.2m last year

The Dartmoor Lodge Hotel, located near the Devon Expressway between Exeter, Plymouth and the south west, has been brought to the property market for £1.7m.

The hotel sits in 1.65 acres of ground and has 23 en-suite letting rooms, meeting rooms, restaurant with 70 covers as well as one-double bedroom staff accommodation and a private five-bedroom flat for the owners.

The current owners acquired the hotel in 2008 and carried out a thorough refurbishment, but said they have now decided to pursue other interests and sell the property to allow new owners take the “thriving business” forward.

Ed Jefferson from Colliers International’s hotels team, said: “Situated just off the main A38 main route to the south west, this elegant hotel is within the southern boundary of the Dartmoor National Park. Torbay and the South Hams are within easy driving distance. The hotel makes the perfect base to explore the region.

“There is plenty of potential to develop the business by reducing the private accommodation and creating additional bedrooms. The owners have also commissioned drawings for a possible 18-room extension – which would require planning consents.”

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